24 Nov 2023
MASON v ATTORNEY-GENERAL [2023] NZHC 3358
- Citation
- [2023] NZHC 3358
- Court
- High Court
Because all the company's liabilities were discharged at removal, the applicants as the only shareholders would have been entitled to the property; Treasury raised no objection to vesting and s 324(4) empowers the Court to vest the property in entitled persons, the Court must grant the vesting order and authorise LINZ to register transfer to the applicants in the stated proportions.